T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,857,917 shares of the Wireless communications provider's stock after buying an additional 90,755 shares during the period. Geode Capital Management LLC owned 1.04% of T-Mobile US worth $2,610,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. Raymond James Financial Inc. bought a new position in T-Mobile US in the 4th quarter valued at $452,721,000. Barclays PLC grew its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Proficio Capital Partners LLC increased its stake in T-Mobile US by 31,353.2% in the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock worth $140,172,000 after purchasing an additional 633,021 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective on the stock. Finally, Barclays boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.80.

T-Mobile US Stock Up 1.3 %

TMUS traded up $3.33 during trading hours on Thursday, reaching $267.89. 5,650,736 shares of the stock traded hands, compared to its average volume of 4,168,614. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The firm's fifty day simple moving average is $255.79 and its two-hundred day simple moving average is $234.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market cap of $305.86 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.67% of the company's stock.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.